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Company Registration in Tanzania | Register a Company in Tanzania

Company registration in Tanzania – Are you looking to register a company in Tanzania? In this guide, we will walk you through everything you need to know about company registration in Tanzania.

From choosing the right business structure and name to understanding the legal requirements, we have got you covered. We guide you on how to register a company in Tanzania, types of companies in Tanzania and help you navigate the necessary paperwork. Whether you are a local entrepreneur or a foreign investor, We will provide you with all the information you need to ensure a smooth and successful registration process.

The number of Tanzania Registered companies has gone up in the recent past due to the growing economy and a business-friendly environment. Tanzania offers great opportunities for entrepreneurs. However, the registration process can be complex and time-consuming. That is why this guide is designed to simplify the process and give you a comprehensive understanding of company registration in Tanzania. Get ready to take the first step towards formation of company in Tanzania.

How to register a company in Tanzania | Procedures for registration of a company in Tanzania | Online company registration in Tanzania

1. Log on to the BRELA Online Registration System and click on New E-service – (This is the new online system by Tanzania registrar of companies)
2. Select Company, proceed to choose Registration of a new company and private company limited by shares
3. Complete the online form starting with the representation statement, Accounting date, Company name, Registered address, Business Activity and the Directors, Secretary and shareholders details
4. Download, sign and upload the consolidated and Integrity forms
5. Make Payment and wait for the approval of the company in a few days

Once you are done with the process to register a company in Tanzania, you will need to undertake the steps below in order to get a fully-fledged company;

1. Lease out an office in order to get an office lease agreement
2. Register the company for Tax and Obtain a Tax Clearance
3. Process a Business License
4. Open a business account

Contact us today for advise on how to go about the above processes.

Types of Companies in Tanzania

You can choose from the following options when looking to register a company in Tanzania.

1. Private Company Limited by shares – This is the most common type of company registration in Tanzania. The liability of the members is limited to their share contribution. The Minimum number of Shareholders is two and the maximum number is 50 shareholders. The minimum number of directors is 2 and there is no maximum number.
2. Foreign company / Branch company registration in Tanzania – A Foreign company is a legal entity registered in another jurisdiction and looking to operate under the same name and setup in Tanzania.
3. Private Company limited by Guarantee – These types of companies are mostly used by Non-Governmental organizations seeking to obtain a legal personality. The liability of the members is Limited to the amount they undertake to contribute to the assets of the company in the event of Liquidation.
4. Public company Limited by shares – A Public company registration in Tanzania is normally undertaken if at all the company shares will be sold to the public. The minimum number of directors is 2 and the minimum number of shareholders is 7

Company Registration Fees in Tanzania

The cost of company registration in Tanzania normally depends on the share capital of the company.

Statutory cost to register a Local company is normally between USD 66 and USD 205 while the statutory cost for a foreign company is about 1190 USD.

Contact us today for a comprehensive quote on company registration in Tanzania

Company Registration Requirements in Tanzania | Documents Required for Company Registration in Tanzania

The requirements for company registration in Tanzania include the following;

1. Three preferred names of the proposed company.
2. A summary of the company’s business activities.
3. Copies of all directors’ and shareholders’ passports
4. Passport-sized photos of all the shareholders and directors
5. Addresses, phone numbers, email addresses, and occupations of all shareholders and directors of the proposed company.
6. Percentage of share apportionment

Tanzania at a Glance

Tanzanian is one of the Fastest Growing Economies in Africa with an abundance of natural resources, which offering tremendous investment opportunities for investors in several sectors that include Telecom, Fintech, Energy Sector, Real Estate, Agribusiness, Mining, Logistics and Warehousing.

According to RMB Bank 2018 Report, Tanzania is the 7th Best Country to Invest in in Africa, This is as a result to the Peace and  Political Stability, the strategic location, Attractive investment regime, Membership of bilateral Trade Agreements and Presence of Export Processing zones and Special Economic Zones.

Doing Business in Tanzania gives you the luxury to enjoy the leisure destinations that include Serengeti National Park, Stone town in Zanzibar, Mt Kilimanjaro National Park, Mafia Island and Ngorongoro Crater.

The Tax regime in Tanzania is Simple and Transparent and the Tax rate for personal Income ranging from 0 to 30 %, Corporation Tax is at 30% and Value Added Tax  (VAT) at 18%.

Company Registration in Tanzania Summary Table

Click Here to Talk to an Expert or for additional information on Company Registration in Tanzania.

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